ITC trade ideas
ITC Chart Analysis for Long TermSeeing Price action on daily basis ITC looking bullish to me. It has broken uppertrend line which was acting as a resistance shown in red colour and is taking support from another trend line shown in green colour which is acting as support. 195-200 was a resistance which was broken and retested, now this area gonna act as support shown in green zone . The price may shoot up to 240 or near that red zone , which gonna act as resistance .
Average up/downITC is one of the finest stock in equity markets. Triangle pattern breakdown was occurred at 204-205 on 07/01/2021 which shows the opportunity to short, BUT on 12/01/2021, spinning top candlestick has occurred which indicates uncertainty in price action.
ADVICE: Average up/down by buying half at high/low and buying other half at low/high.